08-10-2014

Tax Rebate for Film Production in Hungary Increased

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BUDAPEST: The Hungarian Parliament has approved the increase of the indirect film support ratio from 20 to 25% of eligible costs. The European Commission approved the increase earlier this year in June 2014

The Hungarian Parliament also allowed the Hungarian National Film Fund to increase the collection of sponsorship money from corporate sponsors up to approximately 39mEUR/12 billion HUF in 2015 compared to 22,8mEUR/ 7 billion HUF in 2014.

The European Commission approved a six-year prolongation of the Hungarian film support and tax rebate system which should be applicable until 2019.